What are the responsibilities and job description for the Economics Engineer position at Synectics Inc?
Job Description
Job Description
Job Description :
The Economics Engineer is responsible for foundational economic and engineering analyses related to implementing various engineering projects for the company.
This includes levelized cost of energy modelling, economic analysis of power purchase agreement pricing terms, and ad hoc analysis related to energy markets, capacity markets, and energy generation.
Responsible for creating, maintaining, and improving organizational processes and deliverables including visual management, standard work, problem solving, and waste elimination and applies principles of energy economics, including energy market integration, risk and reliability assessments and Environmental analyses to energy projects.
Support renewable energy electric generation strategy including renewable energy solicitations, power purchase agreements, and various regulatory filings.
Provide economic justification and support of company strategy regarding future adoption of new generation resources, electric vehicle growth, customer electrification, grid modernization, or other impacts to the utility
Collaborate with customers, coworkers, and others to discuss existing or potential engineering products or projects.
Provide meaningful
interpretation of complex analyses and present technical results to highest levels of leadership to inform company strategy
Ensure economic support for strategy decisions conform to regulatory, legal and legislative standards and customer requirements, monitor and quantify the impacts of external forces on the utility business
Ensure compliance with specifications, regulatory requirements, or customer requirements by directing or coordinating, documentation, support, or testing activities
Provide analytical support with a focus on energy market, capacity market, and complex pricing terms analysis with some supervision.
Write reports, compile data, create and deliver presentations, support and / or sponsor testimony and exhibits as a witness regarding existing and potential electrical engineering projects and studies
Design, develop and perform model simulations of electrical systems and products.
Training and mastery of complex software systems or analyses is required
Role requires Excel-based modeling, potential use of Strole for visualization, and PowerPoint for reporting.
Responsible for economic modeling, bid analysis, and managing power purchase agreements (PPAs) for clean energy solicitations
Qualifications :
Bachelor's Degree in Engineering degree from an ABET accredited program OR Engineering degree from a non-ABET accredited program plus
Professional Engineering license (Required)
2- 4 years Experience with programming languages
Experience modeling cost estimating, analysis and budgeting (Required)
Foundational economic modeling and analytical skills (existing work is primarily in Microsoft Excel; potential to reevaluate analytical tools in the future)
Attention to detail
Analytical and problem-solving skills
Knowledge of regional transmission operator market operations, foundations of utility business practices
Proficiency in Microsoft Excel
Knowledge in cost control and financial data analysis
Data management and organization skills
Clean energy technologies a plus.
Knowledge of energy markets
Knowledge of engineering principles, and the economics underlying electric power generation
Skills : AD HOC ANALYSIS
PROBLEM SOLVING
PRICING
DOCUMENTATION
BUDGETING
SIMULATIONS
PROBLEM-SOLVING
ELECTRICAL SYSTEMS
DATA MANAGEMENT
COST ESTIMATING
COST CONTROL
WITNESS
DATA ANALYSIS
MARKETING ANALYSIS
FOSSIL POWER
ORGANIZATION SKILLS
ENGINEERING ANALYSES
ELECTRICAL ENGINEERING
FILINGS
MICROSOFT EXCEL
Benefits :
Healthcare Insurance : Synectics offers eligible employees and their dependents healthcare coverage through BlueCross BlueShield of Illinois. Eligibility begins on the 1st day of the calendar month following 60 days of continuous full time employment with Synectics. Premiums are subsidized by Synectics.
Dental Insurance : Synectics offers eligible employees and their dependents a dental plan through MetLife. Eligibility begins on the 1st day of the calendar month following 60 days of continuous full time employment with Synectics.
Vision Insurance : Synectics offers eligible employees vision insurance through VSP. Eligibility begins on the 1st day of the calendar month following 60 days of continuous full time employment with Synectics.401(k) Plan : The Synectics Inc. Investment Savings Retirement Plan. Synectics offers all employees who are 21 years of age or older the opportunity to invest in the 401(k) Plan on the first enrollment date that is at least 30 days after employment begins. Enrollment dates are each January 1st, April 1st, July 1st, and October 1st.
Technical Certification Bonus : Synectics is pleased to award its employees a bonus of up to $500 for an approved professional certification. In determining the bonus amount, Synectics will consider the cost of the test(s) for any certification relating to your current position, achieved during your employment with us. Only one Certification Bonus per calendar year may be awarded per employee. Only current, active employees will be eligible to receive this bonus. It will be awarded 90 days after the Synectics office has received documentation confirming the successful completion of the certification.
Synectics is an equal opportunity employer.
